Loan to "N" Trust not taxable as deemed dividend under IT Act Section 2(22)(e); only a registered shareholder.

Deemed dividend - the loan obtained in the “N” Trust had 20% share holding from a company in which “N” Trust had 10% share holding, could not be taxed as deemed dividend u/s.2(22)(e) since “N” Trust was only a registered shareholder and not a beneficial shareholder - AT .....

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